In recent years, Solana has drawn attention for its achievements while Ethereum remains the more stable choice for institutions. A Sygnum analysis highlights key aspects of both platforms.
Solana's Weak Revenue Stability
According to Sygnum's research, Solana's revenues are too reliant on memecoins, rendering them volatile. Concerns arise that such dependence may negatively affect the platform's stability and its appeal to large investors. Sygnum states: *"The revenues are unstable, too concentrated in memecoins".*
Ethereum's Uncontested Throne
Ethereum, in contrast, demonstrates resilience, stability, and a well-developed regulatory framework. Despite recent technical issues, it continues to lead in key areas such as DeFi, stablecoins, and tokenization. Institutions like BlackRock keep 93% of their assets on the Ethereum platform, reflecting trust in its structure.
Statistical Metrics and Structure
Statistics indicate that Ethereum surpasses Solana in revenue, which is 2 to 2.5 times higher. Ethereum also holds over 50% of the stablecoin market and 57% in tokenization. While Solana shows growth, its share in DeFi is only 11.5%, and it is still developing its business model.
Thus, despite Solana's bright achievements, Ethereum continues to be the dominant platform in key areas, as confirmed by both statistics and the trust of numerous institutions.
